My vessel was stored or located in the State of Nevada on the lien date of January 1. Why do I have to pay California taxes?

The jurisdiction for property tax assessment resides with the state in which the vessel is registered. Vessels registered in the State of California (bow numbers beginning with CF) must be principally located within the state to maintain such registration. If the principal location for your vessel is in the State of Nevada, you must register it with Nevada to be subject to Nevada taxation. To relieve you of your property tax assessment in California, you must provide us with proof of Nevada State registration, effective before the January 1 lien date.

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1. Why do I have to pay taxes on my vessel?
2. I paid the sales tax when I purchased the vessel and paid registration fees to the Department of Motor Vehicles. Why am I paying taxes again?
3. Why do I have a Vessel Property Statement?
4. What will happen if I do not return the Vessel Property Statement?
5. What if the due date to file a Vessel Property Statement falls on a Saturday, Sunday, or legal holiday?
6. Where will my vessel be assessed since I take it to many locations?
7. My vessel was stored or located in the State of Nevada on the lien date of January 1. Why do I have to pay California taxes?
8. How is the value determined?
9. Why is the average retail value, as listed in the price guides for January 1, different from the assessed value?
10. Why did my vessel value go up/down from last year?
11. What if I do not agree with the vessel value?
12. What if I still do not agree with the vessel value after an Assessor’s Informal Review?
13. Why do I have a 10% penalty note on my tax bill for my vessel?
14. What should I do when I sell my vessel?
15. I sold or disposed of my vessel after January 1st. Why do I have a tax bill?
16. I sold or disposed of my vessel before January 1st. Why do I have a tax bill?
17. Can my taxes be prorated?
18. I filed bankruptcy. Why do I have to pay the tax?